News
INDIS inks ₹ 1,000 crore deal with Brookfield
Bengaluru, November 11, 2021: South India focussed developer, INDIS (formerly INCOR Group) on Thursday announced the closure of an ₹ 1,000 crore transaction with Brookfield Asset Management. The deal will fuel INDIS’s strategy of aiming to grow their housing portfolio in the mid-market segment in South India based urban locations
The transaction represents an ₹ 1,000 crore investment in five residential projects under development in South India from Brookfield’s Special Investment Fund (BSI). The investment is in the form of structured capital with base returns and an equity upside. This investment provides INDIS with additional liquidity to accelerate the development of projects in a fundamentally strong residential market.
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